The dollar rose to a new peak against the dong this year, hitting VND24,550 this week, and has risen around 3% since the beginning of the year at Vietcombank. "Many are concerned about the gain of the dollar, but I do not think it will rise as strongly as last year," said Nguyen The Minh, director of analysis at Yuanta Securities. The dollar rose at some point by 8.5% against the dong last year to 24,900 before declining in the last month of the year. The surge came after the State Bank of Vietnam (SBV) widened the dong-dollar trading band from 3% to 5% a day and allowed the dong to depreciate as global central banks tightened their monetary policies. But the gain of the dollar this year, according to Minh, is different, as it has mostly been caused by the short-term rise of inflation in the U.S. The U.S. dollar index, which measures the strength of the greenback against major currencies, remained strong at over 105 points. Analysts from stock brokerage firm SSI … [Read more...] about Dollar’s gain against dong to be short-term: analysts
Vo dong so bach thu ha
President hails Lao support for Vietnam’s development
President Vo Van Thuong (R) and Lao Ambassador to Vietnam Sengphet Houngboungnuang (Photo: VNA) Hanoi (VNA) – In every step of Vietnam's development, there has always been the support and assistance of the fraternal Lao Party, State and people, said President Vo Van Thuong at a September 21 reception for outgoing Lao Ambassador to Vietnam Sengphet Houngboungnuang . He said the great friendship, special solidarity and comprehensive cooperation between Vietnam and Laos in recent times has always been strengthened and developed, achieving practical results in all aspects. The two countries’ agencies and localities have regularly engaged in exchanges and cooperation. Thanks to the effective implementation of bilateral cooperation agreements, economic and trade ties have yielded positive results while collaboration in theoretical research, training, national defence and security has also seen significant progress. Both sides have also offered mutual support in global and … [Read more...] about President hails Lao support for Vietnam’s development
Tycoon gets three years for ‘abusing democratic freedoms’
The HCMC People's Court's conviction statement said that Hang, the general director of the Dai Nam Joint Stock Company, had been the main planner of dozens of livestream sessions in which her speeches slandered others, thereby "abusing democratic freedoms to infringe upon the interests of the State, and the lawful rights and interests of organizations and/or citizens." Business mogul Nguyen Phuong Hang at her trial on September 21, 2023. Photo by VnExpress/Thanh Tung Her accomplice Dang Anh Quan was given a sentence of 2 years and 6 months in prison, while accomplices Nguyen Thi Mai Nhi, Huynh Cong Tan, and Le Thi Thu Ha were all sentenced to 1 year and 6 months in prison. Along with jail terms, the defendants were ordered to pay VND18 million ($742) to each relevant party, Dang Thi Han Ni and Dinh Thi Lan, as compensation. Prior to Hang's conviction, singer Dam Vinh Hung, singer Vy Oanh, singer Thuy Tien and her former footballer husband Le Cong Vinh had dismissed … [Read more...] about Tycoon gets three years for ‘abusing democratic freedoms’
German press: Vietnam is a fascinating travel destination
The travel news site Reisereporter has just published an article that highlights some of the famous tourist destinations and landscapes in Vietnam, including Hanoi. In the article titled “Vietnam: You shouldn’t miss these sights”, www.reisereporter.de suggests tourists to visit some hidden "treasures" and undiscovered natural wonders in this wonderful country in the Southeast Asia region, in addition to popular tourist attractions. A Vietnamese girl in her charming ao dai (long dress) and non la (conical hat) walks through the Thang Long Imperial Citadel. Photo: Yeu Ha Noi According to Daniel Schramm, staff writer for www.reisereporter.de , Vietnam is a fascinating destination with a wide variety of sights and experiences. From historic cities like Hanoi and Hue to stunning natural landscapes like Halong Bay and Sapa to culinary adventures in street kitchens and markets, the country offers something for every taste. Vietnam's … [Read more...] about German press: Vietnam is a fascinating travel destination
Japanese Crown Prince visits late President Ho Chi Minh’s stilt house
Japanese Crown Prince Akishino and Crown Princess Kiko, together with Vice-State President Vo Thi Anh Xuan, paid a visit to late President Ho Chi Minh’s stilt house and fish pond on Thursday morning. Their jaunt was taken after talks between the top Vietnamese official and Japan’s crown prince. Vice-State President Xuan chaired a welcome ceremony for Akishino and Kiko at the Presidential Palace in Hanoi on Thursday morning. The stilt house and fish pond are situated in the late President Ho Chi Minh relic site. These places were the late president’s living and working space. The visit to the relic site was part of Akishino’s ongoing Vietnam trip, which will last until Monday next week. Crown Prince Akishino, 58, is the younger brother of Emperor Naruhito. He was declared first in line to the chrysanthemum throne in 2020. This is the third time the Japanese crown prince has visited Vietnam. Photo: Nguyen Khanh / Tuoi Tre Akishino is set to meet other … [Read more...] about Japanese Crown Prince visits late President Ho Chi Minh’s stilt house
Vietnamese province halts foreign firms’ partnerships with 328 farms over environmental issues
The Department of Natural Resources and Environment of Dong Nai Province, southern Vietnam has written to four foreign-invested firms asking them to suspend cooperation agreements with 328 livestock farms as these farms have no certificates of completion of environmental protection works. Previously, the department, in collaboration with relevant agencies and local authorities, conducted inspections to assess the adherence to legal requirements for environmental protection by nearly 10,000 livestock farms and poultry facilities in the province. The four-month comprehensive review of documents and on-site inspections resulted in the discovery of 328 pig and chicken farming operations across 10 out of 11 districts and cities, excluding Bien Hoa City, holding livestock farming contracts with four foreign-invested enterprises without the necessary environmental permits. Those foreign-invested enterprises consists of C.P. Vietnam Joint Stock Company, Japfa Comfeed Vietnam Co. Ltd., … [Read more...] about Vietnamese province halts foreign firms’ partnerships with 328 farms over environmental issues
Green-focused businesses ready for cooperation
How much will Japan work with Vietnam and ASEAN to help with the energy transition? Kinoshita Tadahiro, director general of Sojitz Vietnam and president of the Japanese Chamber of Commerce and Industry in Vietnam We highly appreciate the government and related ministries for the national green growth strategy, as well as the action plan on green energy transition and reducing carbon and methane emissions of the transportation sector. Completing the legal framework is an important factor to achieving this goal. In the context of increasing energy demand in Asian countries, the Japanese government is ready to cooperate with ASEAN countries in the energy transition process by providing more financial and technical support for testing and applying emission-reduction technologies. Accordingly, Japanese businesses wish to contribute to an effective energy transition in Vietnam by increasing private investment and applying deflation technologies, aiming to achieve … [Read more...] about Green-focused businesses ready for cooperation
Beauty queen arrested in fake land sale scam
Pham Thi Minh Phi, who won the Miss Philanthropy title in the Miss Vietnam Business 2022 contest held in Da Nang, was arrested by Lam Dong police on Wednesday to be investigated for obtaining property by fraud. In October 2022, a man in Da Lat of Lam Dong called Phi, requesting her cooperation to raise capital together and do business. Phi, the general director of the Moc Hoa trade and service company, said she was negotiating to buy two land plots, spanning 1.7 ha in total, at VND22 billion. She said she had found a buyer, who was willing to buy the land plots at VND23.6 billion. This would mean profit of VND1.6 billion. Phi said she did not have the VND3 billion needed as a down payment to buy the land plots, so invited the man to raise the money with her. The man agreed to give Phi VND1.8 billion, without seeing the land plots first-hand or checking the legal information of the plots. On November 2, 2022, Phi signed a contract stating that she would borrow VND1.8 billion … [Read more...] about Beauty queen arrested in fake land sale scam
Hanoi Fall Festival 2023 captivates visitors with unique activities
The 2023 Hanoi Fall Festival program will take place from September 29 to October 1 at Hoan Kiem Lake walking street and Hanoi Children's Palace. The first Hanoi Fall Festival with the theme "Hanoi - Come to fall in love" will be held at Hoan Kiem Walking Space and Hanoi Children's Palace from September 29 to October 1, aiming to promote travel to the capital in Autumn, the season when Hanoi is considered to be at its best. The information was announced by Deputy Director of Hanoi Promotion Agency (HPA) Nguyen Thi Mai Anh at a press conference in Hanoi on September 20. Foreign tourists visit Hanoi's Book Street. Photo: Hoai Nam/The Hanoi Times According to Anh, this is the first iteration of an event showcasing Hanoi's culture and cuisine on Capital Liberation Day (October 10). The festival will feature 150 booths from people's committees in 10 districts of Hoan Kiem, Me Linh, Quoc Oai, Ung Hoa, Ba Dinh, Nam Tu Liem, Cau Giay, Dong Anh, Ba Vi and Gia … [Read more...] about Hanoi Fall Festival 2023 captivates visitors with unique activities
Vietnam suffer 0-4 defeat against Iran in Asian Games football
Featured Bangkok, Hanoi, Jakarta (GMT+7) Oldest Latest Has news updated 90'+3 Game over Vietnam lost 0-4 to Iran and will have to play a crucial match against Saudi Arabia in the final game of group B. 90'+2 4-0 After consecutive corners from Iran, Aria Barzegar scored from a header to make it 4-0. 90' Keeper Van Chuan saved a great header from an Iran attacker. The game has three additional minutes. 87' Vietnam are still unable to break Iran's defense, as they are inferior in strength and pace. 80' Nguyen Dinh Bac tried his luck with a long-distance shot but caused no trouble for keeper Hosseini. 70' With a safe three-goal lead, Iran played slower but could still create dangerous chances. Meanwhile, Vietnam still struggled with their attacks. 69' Another substitution for Vietnam, with Nguyen … [Read more...] about Vietnam suffer 0-4 defeat against Iran in Asian Games football